Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

SFT protocol works together with Manuspay to stimulate the Echt-Wold Depin Utility in Web3 payments

2025-06-05

Specvat will resume global cooperation with companies on the American BIS entities list

2025-06-05

California is going to accept crypto for state payments – Bill passes unanimously!

2025-06-05
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    SFT protocol works together with Manuspay to stimulate the Echt-Wold Depin Utility in Web3 payments

    2025-06-05

    New Solana -Tool repairs the KYC bottleneck

    2025-06-05

    Consensys acquires Web3Auth to reinvent Metamask onboarding

    2025-06-04

    CEO Shakeup at Morph, Bitget’s Layer-2 project

    2025-06-04

    World launches at home Iris Scanning in Argentina

    2025-06-04
  • NFT

    Yuga Labs throws NFT icons while it doubles on monkeys and others.

    2025-06-04

    Trump Deepfake calls for Velociraptors on Border Patrol, charges 1.2 m view

    2025-06-03

    MINTABLE reveals Green NFT -card game on Singapore Climate Festival

    2025-06-03

    Solana Trump NFTS AirDroped to Crypto Dinner -Gasten – one already sold for $ 16k

    2025-06-03

    NFT -Market slips in May despite the growth of the buyers and profit of Bitcoin, Avalanche

    2025-06-02
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Analyst says that the Solana-based memecoin institution phase for ‘full parabola’ predicts new of all time for one active

    2025-06-05

    XRP -Price could reach $ 21 This bull’s cycle with 1,618 FIB level as the next target

    2025-06-04

    Circle has been set to exceed the IPO expectations after the overwhelming question of investors

    2025-06-04

    $ 400,000,000 Coinbase hack coupled with employee -based employee caught taking photos of the computer screen: report

    2025-06-04

    Dogecoin (doge) consolidates losses – Can Meme Coin Mania make a comeback?

    2025-06-04
  • Learn

    What Is Yield Farming and How Does It Work?

    2025-06-02

    What Is Asset Tokenization? How It Works and Why It’s Important

    2025-05-30

    What Is DeFi 2.0 and Why It Matters

    2025-05-27

    Crypto Margin Trading: How It Works and How to Manage the Risks

    2025-05-26

    Wat is circulerende levering in cryptocurrency?

    2025-05-23
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Blockchain»China pushed the development of blockchain to keep up with global trends
Blockchain

China pushed the development of blockchain to keep up with global trends

2024-03-13No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

Authorities in China are being urged to improve the infrastructure surrounding blockchain technology so that it can keep up with the pace of digitalization.

Dong Jin, a senior member of the National People’s Congress (NPC), called on the Chinese government to do its part in the development of blockchain, noting several benefits for the local economy.

Jin’s comments came during China’s Two Sessions event, an annual plenary session of the ruling party, attended by the country’s political elite and industry leaders. Discussions during the Two Sessions event will cover areas of economics, security and geopolitics, as well as emerging technologies.

Jin’s proposal centers on developing a national blockchain network to improve companies’ data-sharing capabilities. In addition to supporting private entities, he states that the blockchain network will serve government agencies to maintain clear lines of data sharing without the hassle of red tape.

The proposed national blockchain network will be indispensable in supply chain, finance, transportation, shipping and government services.

In recent years, China’s digital economy has grown in line with the long-term plans of the Chinese Communist Party (CCP), but several issues continue to plague China’s long-term prospects.

Jin points out that the growth of the digital economy has led to the creation of “high-quality data” by key players in the sector. Instead of a shared resource, Jin says the data is housed in “isolated islands” and “icebergs” due to cybersecurity risks and industry competition.

To improve interoperability, Jin advocates having a central blockchain system that can act as a “cornerstone of trust” for entities that want to share their data using the blockchain systems.
immutability and transparency properties.

See also  According to Blockchain Security Firm, $889,260,000 in Crypto Will Be Lost to Hacks, Scams and Carpet Pullings in the Third Quarter of 2023

Jin’s plans will start with China before rolling out the blockchain network globally to “achieve interconnection with countries”, especially in the areas of trade and finance. Currently, China and other BRICS countries are considering the prospects of a blockchain-based settlement system to reduce their dependence on the US dollar in international trade.

A national vision

China has previously launched a series of blockchain initiatives to standardize the use of the technology across the board and launch a blockchain center in mid-2023. The center, based in Beijing, aims to deepen the country’s talent pool by training 500,000 experts in the coming years.

“In the field of talent training, the center will train more than 500,000 high-quality blockchain talents for my country through collaboration with top universities, research institutes and industry leaders to adapt to the rapid development needs of new forms of digital economy such as Web 3.0,” Jin said in a 2023 statement.

Before the center’s official unveiling, Chinese authorities announced a nationwide public consultation to establish blockchain standards by the end of 2025, while
experimenting with blockchain-based digital identity systems.

Source link

Blockchain China Development Global Pushed Trends
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SFT protocol works together with Manuspay to stimulate the Echt-Wold Depin Utility in Web3 payments

2025-06-05

Specvat will resume global cooperation with companies on the American BIS entities list

2025-06-05

New Solana -Tool repairs the KYC bottleneck

2025-06-05

Consensys acquires Web3Auth to reinvent Metamask onboarding

2025-06-04
Add A Comment

Comments are closed.

Top Posts

Crypto Exchange Bybit Leaves Canadian Market Weeks Following Binance’s Same Move

2023-06-01

Phishing comments under X-posts lead to many crypto thefts, says Blockchain security company SlowMist

2024-01-31

Animoca subsidiary builds AI and NFT tools for educators

2023-08-30
Editors Picks

Bitcoin price is confronted with important obstacles – Can Bulls flow through?

2025-05-27

Tether (USDT) Approaches $100 Billion Market Cap After Printing Over $10 Billion in Three Months

2024-01-21

Snoop Dogg takes fans on a digital journey with the new NFT Passport Series

2023-06-14

Bitcoin: Is Another Bull Run on the Horizon?

2024-02-25
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

SFT protocol works together with Manuspay to stimulate the Echt-Wold Depin Utility in Web3 payments

Specvat will resume global cooperation with companies on the American BIS entities list

California is going to accept crypto for state payments – Bill passes unanimously!

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$104,615.43-0.69%
  • ethereumEthereum(ETH)$2,613.23-0.55%
  • tetherTether USDt(USDT)$1.00-0.03%
  • rippleXRP(XRP)$2.20-1.71%
  • binancecoinBNB(BNB)$668.27-0.18%
  • solanaSolana(SOL)$152.88-2.18%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.189437-3.11%
  • tronTRON(TRX)$0.2731561.26%
  • cardanoCardano(ADA)$0.68-2.32%
  • hyperliquidHyperliquid(HYPE)$34.92-3.45%
  • suiSui(SUI)$3.17-2.21%
  • chainlinkChainlink(LINK)$13.83-3.02%
  • avalanche-2Avalanche(AVAX)$20.27-5.38%
  • stellarStellar(XLM)$0.266911-2.16%
  • unus-sed-leoUNUS SED LEO(LEO)$8.93-0.22%
  • bitcoin-cashBitcoin Cash(BCH)$403.45-0.07%
  • the-open-networkToncoin(TON)$3.18-0.61%
  • shiba-inuShiba Inu(SHIB)$0.000013-1.74%
  • hedera-hashgraphHedera(HBAR)$0.167830-2.34%
  • litecoinLitecoin(LTC)$87.79-2.67%
  • polkadotPolkadot(DOT)$4.05-3.12%
  • moneroMonero(XMR)$322.71-7.61%
  • ethena-usdeEthena USDe(USDE)$1.00-0.03%
  • bitget-tokenBitget Token(BGB)$4.70-2.48%
  • daiDai(DAI)$1.00-0.01%
  • pepePepe(PEPE)$0.000012-4.63%
  • piPi(PI)$0.65-0.66%
  • aaveAave(AAVE)$262.97-0.80%
  • uniswapUniswap(UNI)$6.31-5.45%
  • bittensorBittensor(TAO)$379.09-3.99%
  • aptosAptos(APT)$4.82-2.63%
  • crypto-com-chainCronos(CRO)$0.100653-1.68%
  • nearNEAR Protocol(NEAR)$2.46-2.93%
  • okbOKB(OKB)$49.99-0.43%
  • internet-computerInternet Computer(ICP)$5.25-1.80%
  • ethereum-classicEthereum Classic(ETC)$17.32-2.06%
  • ondo-financeOndo(ONDO)$0.83-2.61%
  • gatechain-tokenGateToken(GT)$18.78-3.03%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.216610-0.75%
  • mantleMantle(MNT)$0.66-2.51%
  • kaspaKaspa(KAS)$0.084184-4.37%
  • usd1World Liberty Financial USD(USD1)$1.000.00%
  • official-trumpOFFICIAL TRUMP(TRUMP)$10.87-2.99%
  • vechainVeChain(VET)$0.024058-2.51%
  • render-tokenRender(RENDER)$3.78-3.99%
  • ethenaEthena(ENA)$0.314512-7.36%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.80-2.53%
  • worldcoin-wldWorldcoin(WLD)$1.13-4.07%
  • filecoinFilecoin(FIL)$2.58-1.74%
  • bitcoinBitcoin(BTC)$104,615.43-0.69%
  • ethereumEthereum(ETH)$2,613.23-0.55%
  • tetherTether USDt(USDT)$1.00-0.03%
  • rippleXRP(XRP)$2.20-1.71%
  • binancecoinBNB(BNB)$668.27-0.18%
  • solanaSolana(SOL)$152.88-2.18%
  • usd-coinUSDC(USDC)$1.00-0.01%
  • dogecoinDogecoin(DOGE)$0.189437-3.11%
  • tronTRON(TRX)$0.2731561.26%
  • cardanoCardano(ADA)$0.68-2.32%
  • hyperliquidHyperliquid(HYPE)$34.92-3.45%
  • suiSui(SUI)$3.17-2.21%
  • chainlinkChainlink(LINK)$13.83-3.02%
  • avalanche-2Avalanche(AVAX)$20.27-5.38%
  • stellarStellar(XLM)$0.266911-2.16%
  • unus-sed-leoUNUS SED LEO(LEO)$8.93-0.22%
  • bitcoin-cashBitcoin Cash(BCH)$403.45-0.07%
  • the-open-networkToncoin(TON)$3.18-0.61%
  • shiba-inuShiba Inu(SHIB)$0.000013-1.74%
  • hedera-hashgraphHedera(HBAR)$0.167830-2.34%
  • litecoinLitecoin(LTC)$87.79-2.67%
  • polkadotPolkadot(DOT)$4.05-3.12%
  • moneroMonero(XMR)$322.71-7.61%
  • ethena-usdeEthena USDe(USDE)$1.00-0.03%
  • bitget-tokenBitget Token(BGB)$4.70-2.48%
  • daiDai(DAI)$1.00-0.01%
  • pepePepe(PEPE)$0.000012-4.63%
  • piPi(PI)$0.65-0.66%
  • aaveAave(AAVE)$262.97-0.80%
  • uniswapUniswap(UNI)$6.31-5.45%
  • bittensorBittensor(TAO)$379.09-3.99%
  • aptosAptos(APT)$4.82-2.63%
  • crypto-com-chainCronos(CRO)$0.100653-1.68%
  • nearNEAR Protocol(NEAR)$2.46-2.93%
  • okbOKB(OKB)$49.99-0.43%
  • internet-computerInternet Computer(ICP)$5.25-1.80%
  • ethereum-classicEthereum Classic(ETC)$17.32-2.06%
  • ondo-financeOndo(ONDO)$0.83-2.61%
  • gatechain-tokenGateToken(GT)$18.78-3.03%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.216610-0.75%
  • mantleMantle(MNT)$0.66-2.51%
  • kaspaKaspa(KAS)$0.084184-4.37%
  • usd1World Liberty Financial USD(USD1)$1.000.00%
  • official-trumpOFFICIAL TRUMP(TRUMP)$10.87-2.99%
  • vechainVeChain(VET)$0.024058-2.51%
  • render-tokenRender(RENDER)$3.78-3.99%
  • ethenaEthena(ENA)$0.314512-7.36%
  • artificial-superintelligence-allianceArtificial Superintelligence Alliance(FET)$0.80-2.53%
  • worldcoin-wldWorldcoin(WLD)$1.13-4.07%
  • filecoinFilecoin(FIL)$2.58-1.74%